About Li-ion Battery for AEVs
Li-ion battery is used as a power source in AEVs. In HEVs it is used as an alternate source of power while in BEVs and PHEVs it is used as a primary source of power. BEVs and PHEVs use electric motors for propulsion, which is powered by Li-ion batteries. The application of Li-ion battery is higher in BEVs and PHEVs because of its high energy density and longer life span compared to other rechargeable batteries available in the market. HEVs use both IC engines and electric motors for propulsion. The use of the double fuel system makes HEVs expensive, efficient, and the preferred choice among end-users. The use of battery-operated vehicles helps to reduce carbon emissions and the dependence on other fossil fuels. The battery used in HEVs is automatically charged during transportation, through a regenerative braking mechanism. The batteries used for PHEVs and BEVs are charged through charging stations. The voltages required for charging is typically ranging between 110 to 440 V for residential or commercial charging socket.
TechNavio's analysts forecast the Li-ion Battery market for AEVs in the US to grow at a CAGR of 21.46 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Li-ion Battery market for AEVs for the period 2015-2019. The Li-ion Battery market for AEVs in the US has been segmented on the basis of: Vehicle Type (HEVs, PHEVs and BEVs) and Demand Type (New Demand and Replacement Demand).
TechNavio's report, the Li-ion Battery market for AEVs in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Li-ion Battery Market for AEVs in the US 2015-2019
Technavio recognizes the following companies as the key players in the Li-ion Battery Market for AEVs in the US: Automotive Energy Supply Corp. (AESC), Blue Energy Co. Ltd., Hitachi Ltd., LG Chem Ltd., Panasonic Corp. and Toshiba Corp.
Other Prominent Vendors in the market are: A123 Systems, Deutsche ACCUmotive, Johnson Controls, Samsung SDI, China BAK battery and Sony.
Commenting on the report, an analyst from Technavio’s team said: “The availability of different types of Li-ion batteries is one of the key trends emerging in the market. Lithium cobalt oxide batteries are ideal for cell phones, laptops, and cameras because of their high current densities. The control circuit prevents overcharging and ensures these batteries are safe for use. Similarly, lithium manganese oxide batteries provide high thermal stability and enhance power output at lower currents. They are ideal for power tools, e-bikes, electric vehicles, and plug-in hybrid electric vehicles.”
According to the report, increased conversion efficiency of Li-ion fueled PHEVs/EVs as compared to other vehicles is one of the key factors driving this market. Increased pollution and depleting fossil reserves have influenced the US government to promote the usage of electric cars.
Further, the report states that one of the major challenges that the market faces is the longer charging time of Li-ion batteries used in vehicles. EVs and PHEVs must be recharged every day, depending on the distance the car travels. For user convenience, AEV manufacturers must look for an advanced technology that can shorten the time required to recharge batteries.
AESC, Blue Energy, Hitachi, LG Chem, Panasonic, Toshiba, Deutsche ACCUmotive, Samsung SDI, Johnson Controls, Sony, A123 Systems, Shenzhen BAK battery
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